Money Mapping

Money left over.

• Surplus

• Deficit

• Money Mapping

When there isn’t enough money to cover all expenses.

• Surplus

• Deficit

• Money Mapping

The new term for budgeting, and involves understanding your income and tracking your expenses, establishing short and long-term savings and spending goals, and building good credit.

• Surplus

• Deficit

• Money Mapping

Something you must have to survive, like a place to live and enough food to eat.

• Need

• Want

• Value

Something you might like to have, but you don’t need it to survive and you don’t have to have right away.

• Need

• Want

• Value

Those ideas and beliefs that really matter to each of us.

• Need

• Want

• Value

Money coming in.

• Income

• Expenses

• Cash Flow

Money going out.

• Income

• Expenses

• Cash Flow

The difference between your income and your expenses.

• Income

• Expenses

• Cash Flow

The money you receive from a job. Or, active income.

• Earned income

• Unearned income

• Benefits